About BlueScope Steel (ASX: BSL)
BlueScope Steel Limited produces and markets metal-coated and painted steel building products across Australia, New Zealand, Asia, and North America. The company operates through five segments, namely Australian Steel Products, North Star BlueScope Steel, Buildings and Coated Products North America, Coated Products Asia, and New Zealand and Pacific Islands, serving residential and non-residential building, construction, automotive, manufacturing, infrastructure, packaging, transport, agriculture, and mining industries.
Its product range spans coated and painted flat steel products, zinc and aluminium alloy coated steel, galvanized pre-painted steel, pipes, tubes, steel slabs, billets, plates, cold-rolled coils, reinforcing coils, rods, wires, and bars, alongside engineered building solutions and industrial property development focused on warehouses and distribution centres. The company also operates ferrous and non-ferrous scrap metal recycling and markets its products under well-known brand names including COLORBOND, ZINCALUME, TRUECORE, COLORSTEEL, LYSAGHT, FIELDERS, Orrcon Steel, BUTLER, TRU-SPEC, and VARCO PRUDEN. Formerly known as BHP Steel Limited, the company adopted the BlueScope Steel name in November 2003 and was originally founded in 1885. It is headquartered in Melbourne, Australia.
MFAM Research
- [BUY] BlueScope Steel (ASX: BSL) – Capex Peaks and Cash Flow InflectsJuly 13, 2026BlueScope Steel (ASX: BSL) at A$32.00, on 6x forward EBITDA against steel peers near 7x. Capex has peaked and free cash flow inflects. Buy, about 18% upside.
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